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  • China Factory Output Misses Estimates, Highlighting Challenges

    From bloomberg.com

    China’s industrial production and investment trailed analyst estimates, raising further question marks over the effectiveness of government efforts to revive growth. Industrial output rose 6.1 percent in August from a year earlier, the National Statistics Bureau said Sunday, below the 6.5 percent median estimate of economists surveyed by Bloomberg. Retail sales rose 10.8 percent in August, while fixed-asset investment climbed 10.9 percent in the first eight months. The weaker industrial and investment figures underscore the challenge the government faces in meeting its growth target of 7 percent this year, as ... (full story)

Then a/u should go down BUT expect a move above .7100 after the open on Monday as there will be expectations that the Chinese will put more stimulative measure in place
  •  Guest
  • | IP X.XX.8.91
if doesn't go up and break .72, it will not go down for a few weeks cuz of correction. then will go down below 70 gradually unless RBA intervenes and stabilizes it (RBA will not do it now, maybe next year)
Mixed news with retail sale, even if the market open on a gap, it will be filled soon before the shake on Wednesday night!
why will aussie fall on this news?? Pls help me understand
because China is one of Australia's major trading partners, taking a significant percentage of its raw commodities in the past. This has dropped recently due to China's down turn and reducing export percentages from Australia. With expectations down the Aussie drops. The saying goes, when China sneezes Australia catches a cold.
  •  Guest
  • | IP XXX.XX.118.198
aussie always reacts to china...we are dependant on them for our exports so if their ability to purchase is affected by negative data it will affect us through negative sentiment
Quoting giveachance
why will aussie fall on this news?? Pls help me understand
“The economy is showing no sign of recovery,"

"Demand for industrial products from domestic and overseas markets is still on the weak side"


Being Australia's biggest trading partner this can't be good news.
As the lights go by so too do the shadows move
Looks like aussie may gap down in the morning its right at a resistance also.
20 Pips a day keeps centerlink away
  •  Guest
  • | IP X.XX.48.240
that's what was awaited. Bangggggggggggg goes Aussie in the opening trade as soon as the market will open.

Cheers
  •  Guest
  • | IP XX.XXX.164.138
How can that be, at it may be slowing down but the Factory Output number beat last months data. It actually went up. I think the Aussie Dollar will gap up.
will we se a gap down opening in base metals tomorrow???
  •  Guest
  • | IP XXX.XXX.247.108
Just about every single economy is looking at least slightly ill. Don't expect much more downtrend for AUD ATM - IMO.
not sure if this is really anything new,, probably gets over shadowed by FOMC
How can that be, at it may be slowing down but the Factory Output number beat last months data. It actually went up. I think the Aussie Dollar will gap up.
Quoting Pooks
not sure if this is really anything new,, probably gets over shadowed by FOMC
Actually this might be THE CALL for FED to raise rates. Seems like there's not much space in Chinese market to absorb the junk from the world.
Now, China’s industrial production (IP) is down and then iron ores price will be down as China need less iron for IP (require less import of iron ores from AUS), so AUD/USD will be down further.
I don't know we'll find out soon.. I think its a lagging indicator.. and there has been a lot of changes lately.. and if FOMC makes another change as in raise rates ... than what happened on sunday might have even less meaning... I think got ot wait at least 2-3 months before we know if stimulants have any effect
I am watching the PA on AU and price holding .7166 last night I am inclined to trade long to .7300 or higher
Trading Consultants Inc JJG
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  • | IP XX.XXX.26.39
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